Grow your business savings

Certificates are designed to hold your money for a set length of time in exchange for a set rate of return. However, there are ways to access the money earlier if you need it:

• You can borrow against your certificate with a Pledge of Certificate loan.
• If you decide to withdraw the money before your certificate matures, you can pay an early withdrawal penalty.

We always send you a reminder notice before your certificate matures so that you can decide whether to reinvest or withdraw the money when your term ends.

For certificates with terms of 12 months or more, dividends accrue monthly. You can receive your dividends at the end of each calendar month, or have them automatically reinvested back into your certificate to earn more.

For certificates with terms of less than 12 months, dividends are paid when your certificate matures.

When you open your business certificate account, you can decide how you want to receive your dividends when the certificate matures—just specify the account where you want the money deposited or request a check. Or, you can automatically reinvest the money in another certificate. You can also change these options at any time during your certificate term.

Certificate laddering is a savings strategy that distributes your funds across multiple certificates with different rates and terms. This allows you to take advantage of the higher rates that are usually available for longer-term certificates, but it also allows you earlier access to the money that you place in shorter-term certificates.